Word: dae
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Park Youn Hee, a 27-year-old in Seoul who is about to enter graduate school, remembers well the rush of hope that overcame her nine years ago during the first summit between North and South Korea. As she watched then South Korean President Kim Dae Jung and North Korea's paramount leader Kim Jong Il shake hands in Pyongyang on television, Park believed the Cold War conflict on the Korean peninsula might finally come to an end. "We all thought that something was going to change right away," she recalls...
...people, who need to be reassured at a time when rumors continue to circulate about the health of their Dear Leader, who foreign intelligence agencies believe had a stroke last summer. Like his father before him, Kim Jong Il rules on the strength of "symbolic capability," says Song Dae-sung, president of the Sejong Institute, a South Korean think tank. "North Korea idolizes a single leader. Kim Jong Il's bad health and leaflets being sent by anti-North Korea NGOs in the South to the North Korean people are undermining the solidity of the ruling system." Song says heightened...
South Korea might be one of the most wired places in the world, but it's not necessarily the most Internet friendly. Park Dae Sung, 31, an unemployed blogger now finds himself in hot water for allegedly being "Minerva," a web guru who posted his thoughts on the state of the economy and the government's economic policies. Those thoughts generated huge attention in Korea, particularly following Minerva's prediction that Lehman Brothers would fail. Those musings, however, have not sat well with Seoul. Now Park has been taken into custody by the government and, according to his lawyer, faces...
...this is remarkable if the allegations against Park Dae Sung are correct. According to his lawyer, Park taught himself economics, reading books on the subject since 1997. Indeed, there are some skeptics. The conservative monthly ShinDongA claims that Park may not be the real Minerva at all and that a group of eight other bloggers have professed to writing under the alias. Park's lawyer says the magazine's allegation is "nonsense...
...Asia's crisis holds lessons for today. Most important: leadership matters. Notably, South Korea came out of the crisis far stronger than when it went in. Like in the U.S. today, the crisis swept through the country during a presidential election campaign. Kim Dae Jung, a longtime dissident who ran on a left-leaning economic platform, rocked markets with the suggestion that he might repudiate an International Monetary Fund (IMF) rescue plan. But after he was elected, he not only signed up for a $57 billion IMF package, he embraced even more sweeping reforms than the IMF called...